Country: East Asia Page 173 / 221
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- July 31 2017
AIA results boosted by HK and China
The strong results are the first to be reported under new group CEO Ng Keng Hooi.
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- July 31 2017
China to boost oversight on insurers’ ALM
Asset liability management practices will be the next area to face stricter supervision.
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- July 28 2017
Japanese life majors to cut foreign bond investment
Limited yields and yen risks have prompted a loss of appetite for overseas bond investments this year.
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- July 26 2017
Hong Kong exchange rejects AMTD’s insurance IPO
The prospectus was reportedly described as “substantially incomplete” and an attempted appeal ended in failure.
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- July 25 2017
Only 10% of Asian firms prepared for cyberattacks
Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.
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- July 24 2017
China continues to rein in financial risks
Insurers in the country are now barred from offering credit products to companies for financing.
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- July 21 2017
Foresea Life to set up Communist Party committee
The move follows Xi Jinping's call for the enhancing of Party leadership in financial operations.
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- July 18 2017
HK regulator tells insurers to embrace technology
The Insurance Authority has urged insurance companies to harness financial technology and big data analytics.
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- July 17 2017
Chinese insurers advised to divest non-core assets
An official from the the China Insurance Regulatory Commission has cautioned against a wide range of risks facing the industry.
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- July 14 2017
Protecting against Hong Kong’s typhoon signal 8
Swiss Re has launched the city’s first insurance product to indemnify businesses against losses from a T8 signal.
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 13 2017
Korean insurers forecast to exceed 2016 performance
Higher interest rates and improved auto insurance business are expected to propel the industry.
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- July 13 2017
Ping An eyes fintech, healthcare assets abroad
China’s largest insurer by market value is on the hunt for assets in the US, Israel and Singapore.
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- July 12 2017
China considers experienced graft-buster for top CIRC post
China is likely to name Yang Xiaochao, secretary general of the Central Commission for Discipline, to oversee the industry.
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- July 10 2017
Swiss Re and Ping An combine to launch typhoon solution
The two companies have launched China's first mobile-enabled typhoon property parametric insurance solution.
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- July 7 2017
China overtakes Japan
The outlook for Asia's insurance markets is varied, as China becomes the world's second-biggest premium pot.
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- July 7 2017
China drafts rules on endowment insurance
CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.
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- July 7 2017
Sale of SCB insurance unit to FWD halted
What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.
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- July 7 2017
Premium growth defies weak economies
Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.
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- July 6 2017
China to develop commercial pension insurance
The government will fast-track the development of the new system, according to a State Council guideline.
